Bank Account Freezing Under PMLA: Officers Must Document Reasons and Issue Orders per Sections 20(1) and 20(2).

Bank Account Freezing Under PMLA: Officers Must Document Reasons and Issue Orders per Sections 20(1) and 20(2). https://www.taxtmi.com/highlights?id=43458 Offence under Prevention of Money Laundering Act - Attachment of bank account - Even after the property is frozen, the officer has to record his reasons to believe in writing and pass an Order for continuation of freezing of the property in terms of section 20(1) read with 20(2), PMLA. en-us Sat, 22 Dec 2018 07:19:47 +0530 Sat, 22 Dec 2018 07:19:47 +0530 TaxTMI RSS Generator Bank Account Freezing Under PMLA: Officers Must Document Reasons and Issue Orders per Sections 20(1) and 20(2). https://www.taxtmi.com/highlights?id=43458 Offence under Prevention of Money Laundering Act - Attachment of bank account - Even after the property is frozen, the officer has to record his reasons to believe in writing and pass an Order for continuation of freezing of the property in terms of section 20(1) read with 20(2), PMLA. Highlights Money Laundering Sat, 22 Dec 2018 07:19:47 +0530 https://www.taxtmi.com/highlights?id=43458